Shares of General Electric (GE) are trading at levels not seen since 2009. In fact, General Electric stock chart just tagged the low pivot from the bottom of the financial crisis in 2008-2009. While scary, it does tell investors there should be some support here. The technical level is $5.50 and the low of day breached it by 0.02 at $5.48.
Based on technical analysis, with the epic double bottom, shares of General Electric are likely to bounce from this level. Anywhere between 10-20% is a likely jump level within the next few weeks. With the General Electric stock chart hitting this major level, swing traders such as me will be looking to accumulate.
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